“It’s Not Your Money - It’s a Crime!”
Teamwork is the key to fighting financial exploitation
As the population of elderly Texans grows every year--from 1.9 million in 1998 to almost 2.4 million in 2008--so does the number of those swindled out of their life savings. Often it's by the people they trust the most.
These financial exploitation crimes are usually not committed by Wall Street renegades or internet scam artists. Relatives, caregivers, housekeepers, and a range of handymen and helpers are most often the culprits.
Elder financial abuse costs older Americans more than $2.6 billion a year, according to "Broken Trust: Elders, Family, and Finances" a March 2009 study by the MetLife Mature Market Institute. But that is only a rough estimate. Many elderly are too embarrassed, unwilling, or afraid to report the crimes.
Read more: Teamwork is the key to fighting financial exploitation
Featured Prevention Resource
Financial Exploitation: If It's Not Your Money, It's A Crime.
Financial exploitation is the illegal or improper use of another person’s money or property for personal profit or gain. Financial exploitation of adults who are elderly or disabled is an increasing problem and protecting them from becoming victims is everyone’s business.
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The Texas Department of Family and Protective Services (DFPS) Adult Protective Services (APS) Program created this site for interested individuals and groups in Texas communities.
Please feel free to copy the files on this site. If you would like to use the information, please credit DFPS by citing: “Provided by the Texas Department of Family and Protective Services, Adult Protective Services.”